According to a new report published by Allied Market Research, titled, “Waste Management Equipment Market by Product Type, Waste Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global waste management equipment market size was $45,756.9 million in 2019, and is projected to reach $55,637.9 million by 2027, registering a CAGR of 4.1% from 2020 to 2027. In 2019, industrial segment dominated the global market, accounting for approximately half of the global waste management equipment market share.
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The global waste management equipment market is expected to grow, owing to increase in the urban population globally and stringent government regulations toward environmental safety. In addition, increase in the amount of waste generated in municipal and industrial sectors is projected to garner to the growth of the market.
The waste management equipment market has witnessed significant growth over the past decade, owing to rise in urban population, surge in amount of waste generated, and stringent government regulations. However, huge initial capital investment and lack of awareness regarding sustainable waste management practices in developing countries are anticipated to hinder the growth of the waste management equipment market. Furthermore, high growth potential in emerging countries is anticipated to providing lucrative opportunities for the global waste management equipment market.
Waste disposal equipment includes dumpers, compactors, trucks, and others. This equipment is used to collect garbage and transport it to the landfill stations. The waste disposal equipment segment is further divided into dumpers, compactors, trucks, and others. The waste recycling & sorting equipment segment is sub-classified into conveyor systems, screeners, shredders, and others. In addition, increase in industries and commercial sector has also led to a rise in the amount of waste.
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Global Waste Management Equipment Market Segments
By Product Type
Waste Disposal Equipment
Waste Recycling & Sorting Equipment
By Waste Type
The key market players profiled in the waste management equipment industry report include Recycling Equipment Manufacturing, Inc, CP Manufacturing, Inc, Dover Corporation, Morita Holding Corporation, Tomra Systems ASA, Wastequip, LLC, Blue Group, KK Balers Ltd, Shred-Tech Corporation, and McNeilus Truck and Manufacturing, Inc.
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